By now you've probably heard Russian President Vladimir Putin has bestowed Russian citizenship upon Gérard Depardieu as part of the French actor's quest to seek refuge from his country's onerous income taxes.

It's a pretty funny situation.

But French President Francois Hollande is not laughing.

Because after all the fuss, the 75 percent marginal income tax that was the highlight of the new taxes which Depardieu and others were attempting to flee was ultimately vetoed by the country's Constitutional Council.

The ruling came on technical grounds, and the government has vowed to resubmit a similar proposal. But the project has now morphed into a "disaster" for Hollande, France's most important newspaper, Le Monde, says.

In a new editorial, Le Monde writes that Hollande's failure on the measure could serve as a "ball and chain" around the rest of his presidency.

Economically counter-productive, it unnerved business leaders  including those who would be far from the policy's tax bracket. Legally ill-conceived, it's been rejected by the Constitution Council, who didn't even need to judge it confiscatory (though this is illegal). And it would have had only a modest effect on the budget  $210 million Euros a month.

No. Hollande’s idiotic and rusty communist/socialist ideology will ruin his Presidency. The only question is how much of the French economy will be ruined, and how many people will have their lives hurt, before his Presidency ends.

RE: Vast Majority of Profits to Hollywood come from OVERSEAS and the IRS does not Tax it at all because they keep it off shore in the Grand Caymans

I’m talking about INDIVIDUAL INCOME.

Say you are an immigrant from Hongkong. Before coming to the USA, you ALREADY own property in HK and rented them out. Now that you’ve come to the USA, you decide to start a business here. You do well.

By US Tax law, YOU WILL BE TAXED, not only on the income you make from your business here But also the income you make on the RENTALS in Hongkong, even when the USA had nothing to do with the rentals you own overseas.

Since we don’t have that review system here, I’d support a law which subjects elected legislators to immediate termination for voting “yes” on any law subsequently judged to be unconstitutional by the Supreme Court.

I am sure he thought about it but the way Obama is, hell, you’d think he was a French politician too.

Fair share == 75%. That’s our Obamacommie for ya. Hell, take it all.

OBAMA: Oh, all of the rich’s money hardly touched our expenses for the year? How could that be? Spending isn’t the problem. The rich must still have some money tucked away somewhere. Oh, we got it all already? Even the Swiss bank accounts and the Cayman Islands stuff? Well, but look, they aren’t buying things anymore, they aren’t doing their part to keep the economy moving - well yes, we did take ALL their money, but they still need to keep buying as much or more as they did before....

What do you mean they can’t just keep spending when they have no money left? IF I CAN DO IT, THEY CAN.

Every time the socialists get in power they make a string of disastrous policy errors that lead voters to eventually throw them out. Francois Mitterarnd in office as President of France from 1981 to 1995 was another one of their Socialist Party disasters.

During part of that time the center-right parties gained control of the legislature and the government holding the office or prime minister through an awkward situation called co-habitation. Two conservative prime minister were Jacques Chirac (198688) and Édouard Balladur (199395)

After a less statist policy when he was Prime Minister (19861988), he changed his method. Then, his economic policies, based on dirigisme, state-directed ideals, stood in opposition to the laissez-faire policies of the United Kingdom, which Chirac famously described as “Anglo-Saxon ultraliberalism”.

Chirac led several other European countries in an effort to prevent the invasion against Saddam Hussein.

On 15 December 2011, the Paris court declared him guilty of diverting public funds and abusing public confidence, and gave Chirac a two-year suspended prison sentence.

After a less statist policy when he was Prime Minister (19861988), he changed his method. Then, his economic policies, based on dirigisme, state-directed ideals, stood in opposition to the laissez-faire policies of the United Kingdom, which Chirac famously described as “Anglo-Saxon ultraliberalism”.

Chirac led several other European countries in an effort to prevent the invasion against Saddam Hussein.

On 15 December 2011, the Paris court declared him guilty of diverting public funds and abusing public confidence, and gave Chirac a two-year suspended prison sentence.

“Hollandes idiotic and rusty communist/socialist ideology will ruin his Presidency.The only question is how much of the French economy will be ruined, and how many people will have their lives hurt, before his Presidency ends.”

So tell us, how is this any different that the situation here in the U.S.? The idiots in France are just like the idiots here. Everyone is imbued with the notion that there is a free lunch for them from the government, and there is always an Obama or a Hollande waiting to tell them that they are right!

With the criminal psychopath Obama as President of the US, Russia might be one of the safest nations on the planet to live within right now. US Obama Drones with hellfire missiles do not fly over Russian territory.

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